Velo3D Triples Capacity with Livermore Campus as Revenue Surges 52% — Velo3D, Inc.

Event summary

Velo3D reported $20.7M in Q2 2026 revenue, up 52.3% YoY with gross margin improving to 21.5%.
Launched Livermore Production Campus expected to triple manufacturing capacity by year-end.
Raised $109.4M in new capital through equity offerings, reducing debt by over 70%.
Expanded partnerships with Mears Machine and Aurelia Technologies for aerospace/defense applications.

The big picture

Velo3D's aggressive capacity expansion reflects the growing adoption of metal additive manufacturing in aerospace and defense supply chains. The company's ability to scale production while maintaining margin improvements will be critical as it competes with traditional manufacturing processes. With $91M in cash reserves and strategic partnerships expanding, Velo3D is positioning itself for long-term growth in industrial applications.

What we're watching

Capacity Utilization: How quickly Velo3D can ramp up production at the Livermore campus to meet accelerating demand.
Revenue Mix Shift: Whether the RPS parts production business can sustain its growing contribution to total revenue.
Profitability Timeline: The pace at which gross margins exceed 30% and EBITDA turns positive in H2 2026.